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Serbia’s energy outlook for 2025: Increased imports and growth in renewables

In 2025, Serbia is expected to import 90% of its natural gas and 80% of its crude oil and petroleum products, representing a 25% increase in crude oil imports compared to 2024, according to the Energy Balance for 2025.

On the other hand, oil product imports are forecast to be 0.8 million tons, which is 22% lower than in 2024. The country also plans to increase its production of primary energy from renewable sources such as wind, solar, biogas, and waste.

The total planned primary energy production from renewables in 2025 is projected at 2.77 million tons of oil equivalent (Mtoe), 2% lower than in 2024. Renewable energy is expected to account for 29% of Serbia’s total domestic primary energy production, with solid biomass contributing 61% and hydropower making up 30%. Solar energy production in 2025 is anticipated to reach 119 GWh, a 3% increase from 2024, while wind energy production is expected to rise by 17%, reaching 1,639 GWh. Solid biomass production is planned at 1.7 Mtoe, with 88% used primarily for residential heating.

Biomass and biogas power plants will have planned capacities of 2.38 MW and 51.86 MW, respectively. Additionally, small hydropower plant output is set to increase by 15% compared to 2024.

Thermal power plants will remain the cornerstone of Serbia’s energy system, generating over 62% of total electricity, or 24,202 GWh.

According to the Energy Balance, the total installed capacity of wind farms in Serbia should reach 684.28 MW, with 76 MW of new capacity expected in 2025. Solar power plant capacity is projected to reach 113.56 MW, including 18.7 MW of new capacity in 2025. The prosumer capacity is expected to grow to 123.67 MW, with 43 MW of new additions.

The final electricity consumption in 2025 is expected to be 29,425 GWh, remaining stable compared to 2024 estimates.

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